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Wage Theft Cost Workers $50 Billion in 2016

In the world where a $ 1.5 trillion dollar budget deficit bill is being blithely pushed through Congress and at least one U.S. company is on a path to become the world’s first publicly traded firm valued at $ 1 trillion, $ 50 billion dollars is barely a rounding error.

That’s how much the Economic Policy Institute (EPI) estimates was stolen from low-wage workers in 2016 alone. Workers being paid less than minimum wage, for example, are losing an average of $ 3,300 a year and account for about $ 15 billion of lost wages.

The EPI conducted a study to determine how much of these losses workers were able to recover and it should come as no surprise that …
24/7 Wall St.

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